Oreo-maker Mondelez moving suburban headquarters to Chicago
(Photo by Tim Boyle/Getty Images)
DEERFIELD, Ill. (AP) - Oreo-maker Mondelez International Inc. is moving its headquarters from a Chicago suburb into the city.
The snack producer announced Tuesday it would move about 400 jobs from Deerfield into Chicago's Fulton Market neighborhood. Mondelez says it signed a 15-year lease on a five-story office building under construction that it expects to occupy in 2020.
The building is in the same area as the headquarters for McDonald's, which also relocated from the suburbs.
For 2017, the company reported net income of $2.9 billion, or $1.91 per share. It posted revenue of $25.9 billion for the year. It plans to release 2018 financial results on Jan. 30.